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Prepare an income statement, retained earnings statement, balance sheet, and statement of cash flows for the year ended May 31, 2019 in good form. Be
Prepare an income statement, retained earnings statement, balance sheet, and statement of cash flows for the year ended May 31, 2019 in good form. Be sure to include subtotals like current assets, current liabilities, and gross profit.
ACCT 551 Project - Modules 1, 2, and 3 Due June 9, 2019 Total Points Available - 60 The Green and Silver Company started operations on June 1, 2018. The trial balance is provided below. Green and Silver Company Trial Balance For the Year Ended May 31, 2019 Debits Credits $ Cash 6,700$ Accounts Receivable 1,000 Prepaid Insurance 1,080 15,000 Equipment Accumulated Depreciation- Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable 350 5,000 1,070 300 50 Deferred Revenue 800 Common Stock 1,400 Additional Paid in Capital 12,600 Retained Earnings Dividends 600 Sales 20,700 Cost of Sales 10,350 Salaries and Wages Expense 3,850 Depreciation Expense 350 Insurance Expense 1,800 Utilities Expense 1,490 Interest Expense 50 42,270$ 42,270
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